All parts of Teesside have seen a fall in house prices over the past year, even as prices continue to rise across the country.
According to new Land Registry figures, Redcar and Cleveland was down 1.7%, Stockton, down 1.8%, and Middlesbrough, down 2%, in the year to August, with the annual falls likely in part due to falling or stagnant prices in August.
The price of an average home in Middlesbrough is £77,594 while it is £109,981 and £97,963 in Stockton and Middlesbrough respectively.
Nationally prices continue to rise, according to the latest Land Registry figures, up to 8.4% year on year across England and Wales.
Prices in London rose 21.6% between August 2013 and August 2014. The North-east saw the smallest annual growth at 3%.
In terms of monthly house price rises, London was again top, up 2.7%, with the South West and North West seeing prices rise just 0.1% in August.
Lambeth saw the strongest annual growth, up 28.9% year on year, while Hartlepool and Merthyr Tydfil saw the biggest falls, down 4.8%.
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